https://www.taxtmi.com/caselaws?id=399053 The Tribunal allowed the appeal, setting aside the lower authorities' orders. It directed the Assessing Officer to tax the entire surrendered income of Rs. 3.64 crores at the normal rate, rejecting the separate taxation of Rs. 1.00 crore under section 69 and the imposition of tax under section 115BBE. Additionally, the Tribunal annulled the direction to tax Rs. 2.64 crores under section 115BBE, highlighting the lack of power to remand the issue back to the A.O. en-us Mon, 28 Sep 2020 00:00:00 +0530 Thu, 01 Oct 2020 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399053 The Tribunal allowed the appeal, setting aside the lower authorities' orders. It directed the Assessing Officer to tax the entire surrendered income of Rs. 3.64 crores at the normal rate, rejecting the separate taxation of Rs. 1.00 crore under section 69 and the imposition of tax under section 115BBE. Additionally, the Tribunal annulled the direction to tax Rs. 2.64 crores under section 115BBE, highlighting the lack of power to remand the issue back to the A.O. Case-Laws Income Tax Mon, 28 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399053